List the Four Design Models Required for a Complete Specification

question 14

Essay

List the four design models required for a complete specification of a software design and the role of each.

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Definitions:

Debt

An amount of money borrowed by one party from another, often with the condition of repayment with interest over a specified period.

Equity

The ownership value held in assets after all debts and liabilities have been subtracted, often referred to as shareholder's equity in a corporation.

Finance

The science of managing funds, including the processes of borrowing, investing, saving, and forecasting.

Agency Problem

A conflict of interest arising between principals (such as shareholders) and agents (like company executives) due to differing goals.